April 8,
2009 TSX Venture
Exchange
Trading Symbol: REX
Orex hits 6 kilograms
Silver per tonne over 1.1 metres on Zambranena Vein, Diamond Drilling to Commence
Vancouver, B.C. Orex Minerals Inc. - REX: TSX-V is
pleased to announce that its joint venture partner Silverex S.A. de C.V. has
mobilized an underground mining crew and a new portal has been constructed
adjacent to Zambranena creek on the Santa Cruz Project in
Durango, Mexico.
Thirty-seven metres of crosscut has opened access to the Zambranena vein about
10 metres above the historic level 3, plus access to an old stope has been
made. The Zambranena Mine was a high-grade, small scale operation, which operated
over 100 years ago.
Underground chip sampling
by Orex has started on the first 10 metres of drifting, with the following
results from a steeply dipping silicified breccia:
Sample Line
|
Sample No.
|
Width (m)
|
Au (g/t)
|
Ag (g/t)
|
Ag-Eq (g/t)
|
|
|
|
|
|
|
L1
|
2284
|
1.0
|
0.523
|
604.0
|
635.4
|
L1
|
2285
|
1.0
|
1.030
|
110.0
|
171.8
|
L1
|
2286
|
1.0
|
3.240
|
936.0
|
1,130.4
|
--- Wt-Avg.
|
|
3.0
|
2.135
|
550.0
|
678.1
|
L2
|
2287
|
1.0
|
3.030
|
940.0
|
1,121.8
|
L2
|
2288
|
1.0
|
0.294
|
80.0
|
97.6
|
--- Wt-Avg.
|
|
2.0
|
1.662
|
510.0
|
609.7
|
L3
|
2289
|
1.1
|
4.370
|
6,040.0
|
6,302.2
|
Gary Cope, President of
Orex, adds, “We are excited by the recent results of over 6,000 g/t
Silver in an area with minimal previous exploration. These results, combined with contracting
for diamond drilling services to continue exploration in that district, give us
high expectations for the Western District of Santa Cruz.”
A contract for diamond
drilling services has been signed with the Major Drilling Group International
Inc. Major has already
commenced mobilization and expects to begin drilling in the next few weeks on
the Santa Cruz Project.
Phase-I diamond drilling is
to take place in the Western structural district, where new road construction
has provided access for the first time in the project’s history. The
initial phase of drilling will consist of approximately 3,000 metres in 8 to 10
holes, starting in the Zambranena area and continuing northwest toward the
Carmen area.
Located in the Sierra Madre
Occidental Mountains,
Otaez Municipality,
midway between Tayoltita (San Dimas)
and Topia mining camps, the Santa Cruz Project is in one of the World’s
most prolific mineral belts. Santa
Cruz is an epithermal gold-silver camp divided into
three structural districts, Eastern, Central and Western, as well as the
previously operating Santa Cruz Mine.
Silver-equivalent (Ag-Eq)
for the purposes of this sampling program is defined as silver grade plus 60
times gold grade. Metallurgical recoveries and net smelter returns are assumed
to be 100% for the silver-equivalent value. Base metal values are not included in
the silver-equivalent.
Ben Whiting, P.Geo., is the
Qualified Person and takes responsibility for the technical disclosure in this
news release.
About Orex
Minerals Inc.
Orex
Minerals Inc. is a junior mineral exploration company comprised of highly qualified
mining professionals with a focus on the exploration of prospective gold and
gold-silver properties in Mexico.
ON BEHALF OF THE BOARD OF DIRECTORS
Gary Cope
President
For further information, contact Orex Minerals Inc. at (604) 684-4691 or
Via email at info@orexminerals.com or visit our
website on line at www.orexminerals.com
This News Release may contain
forward-looking statements including but not limited to comments regarding the
timing and content of upcoming work programs, geological interpretations,
receipt of property titles, potential mineral recovery processes, etc. Forward-looking
statements address future events and conditions and therefore involve inherent
risks and uncertainties. Actual results may differ materially from those
currently anticipated in such statements. Orex relies upon litigation
protection for forward-looking statements.
The TSX Venture Exchange has not reviewed and does not accept responsibility
for this News Release.
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